Search results for "political economy"

The determinants of increasing equity market comovement: economic or financial integration?

2010

This paper investigates to what extent the substantial increase in exposures of local European equity market returns to global shocks is mainly due to a convergence in cash flows (“economic integration”), to a convergence in discount rates (“financial integration”), or to both. We find that this increased exposure is nearly entirely due to increasing discount-rate betas. This finding is robust to alternative ways of calculating discount-rate and cash-flow shocks.

New Nationalism and Higher Education

2020

This book closes with a discussion of new nationalism and the future of Finnish higher education from a language policies viewpoint, in the meeting points of the different national and global spheres. I will first discuss the nature of “new” nationalism. Then, the main discourses of educational, economic and epistemic nationalisms will be discussed. The next section presents global scenarios from the perspective of the intertwined nature of national and international. I will finish with a look into the future of Finnish higher education and the implications of current new nationalist trends for language policies, nationalism, alternate futures and the role of language in all this.

Economic conditions and populist radical right voting: The role of issue salience

2021

Contains fulltext : 245174.pdf (Publisher’s version ) (Open Access) In this article, we show with the European Election Study from nine Western European countries that issue salience of the economy and immigration contributes to our understanding of the puzzling relation between economic conditions and populist radical right support. In countries with relatively weak or worsening economic conditions, the economy is considered more salient, whereas immigration loses salience – also compared to other issues. Voters who perceive the economy as most important problem are less likely to opt for the populist radical right than people who perceive immigration or even other issues as most important…

1936. Frustrated Hopes: The Great Depression, the Second Republic and the Civil War

2020

The Great Depression was accompanied by the collapse of the monarchical regime and the establishment of a modern democracy with the Second Republic in April 1931. The new regime had to balance the importance of gaining domestic and international respectability (using orthodox fiscal and monetary policy) with efforts to shift towards a moderate protectionist policy, and enact land, labour and educational reforms. There were fierce confrontations from 1934 on, eventually culminating in a civil war in 1936. The consequences included a long-lasting impact on economic growth; autarky and interventionist policies; a huge loss of human capital; poverty and rising inequality; and a 40-year-long dic…

Green Versus Radical Right as the New Political Divide? The European Parliament Election 2019 in Germany

2020

Outside‐in Politicization of EU–Western Africa Relations: What Role for Civil Society Organizations?

2021

This article explores the empirical relevance of researching outside-in politicization processes in European studies. To this end, it examines to what extent and how civil society organizations (CSOs) have contributed to the politicization of EU policies towards Western Africa in two cases: the negotiation of Economic Partnership Agreements and the EU's engagement with the G5 Sahel. CSOs were strongly engaged in the trade negotiations, while they were largely excluded from the G5 Sahel process. In both cases this was due to CSOs' own initiatives, or the absence thereof, with these strongly linked to being either invited or discouraged by official actors. The article argues that authority tr…

Differentiated Integration and Disintegration in the EU after Brexit : Risks versus Opportunities

2019

Differentiation is becoming an increasingly salient feature of European integration. The multi‐faceted European crisis and the subsequent Brexit vote (paving the way for a ground‐breaking case of differentiated disintegration) have led scholars and practitioners to think about the consequences of differentiated integration. This article draws on five well‐established models of differentiation experienced by countries both inside and outside the Union: the EEA model; the Danish model of (quasi‐)permanent differentiation; the Swedish model of de facto differentiation; the instrumental model; and the British model of differentiated disintegration. It addresses the different risks and opportuni…

The democratization process: An empirical appraisal of the role of political protest

2020

Abstract This paper analyses the role of peaceful and violent protest in the democratization process. We interpret the democratization process as a sequence of phases so as to allow citizens' and elites' preferences for democracy to vary according to the particular phase that a country is experiencing. By doing so we jointly model the probability of protest and of moving through different phases of democracy taking into account time-constant and time-varying unobserved heterogeneity. In particular, we develop a multivariate finite mixture model that introduces a latent variable to capture unobservable factors. On a sample of 171 countries from 1971 to 2010, we provide evidence that protest …

Searching for new paradigms in a globalized world: Business ethics as a management strategy

2008

The process of globalization is an undeniable reality of today's world. Yet, paradoxically, the cornerstone of this phenomenon, economic performance, varies widely across the world whatever indicator (for example, GDP/habitant, competitiveness) we choose to use to compare countries. Increasingly, studies tend to explain this apparently paradoxical situation with reference to the issue of corruption and ethics. In essence, corruption is perceived to be an important impediment to the economic development of a country (or area). Many studies of corruption are focused at the national level. The aim of this conceptual paper is to explore the role of the firm (as opposed to national states or int…

Violent Conflict and Online Segregation: An Analysis of Social Network Communication Across Ukraine's Regions

2016

Does the intensity of a social conflict affect political division? Traditionally, social cleavages are seen as the underlying cause of political conflicts. It is clear, however, that a violent conflict itself can shape partisan, social, and national identities. In this paper, we ask whether social conflicts unite or divide the society by studying the effects of Ukraine's military conflict with Russia on online social ties between Ukrainian provinces (oblasts). In order to do that, we collected original data on the cross-regional structure of politically relevant online communication among users of VKontakte social networking site. We analyze the panel of provinces spanning the most active p…